Understanding and Responding to Bribery & Corruption Red Flags

Corruption is a form of dishonesty or a criminal offense, undertaken by a person, or an organization entrusted with a position of authority, in order to acquire illegal benefits or abuse power for one's private gain. Corruption may involve many activities, which include bribery and embezzlement, and it may also involve practices which are still legal in many countries.

Political corruption occurs when an office-holder or other governmental employee acts in an official capacity for personal gain.

Corruption and crime are widespread sociological occurrences that appear with regularly in virtually all countries on a global scale in varying degrees and proportions.

The term “red-flag” means a warning, a clue that there may be a problem, a sign of danger. When it comes to bribery and corruption there are a number of signals that are given off in arrangements for various activities that act as warning or red flag that something may be amiss.

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See what three degrees of global warming looks like

If global temperatures rise three degrees Celsius above pre-industrial levels, the results would be catastrophic. It’s an entirely plausible scenario, and this film shows you what it would look like.

 

The Cost to Reduce Global Warming? $131 Trillion Is One Answer

Money is a sticking point in climate-change negotiations around the world. As economists warn that limiting global warming to 1.5 degrees Celsius will cost many more trillions than anticipated, WSJ looks at how the funds could be spent, and who would pay. 

 

“TOP READS OF THE WEEK” (for week 25 to 29 October)

This week’s top reads in banking, fintech, payments, cybersecurity, AI, IoT, risk management and much more.

In this weeks selection;

Top Reads

• How climate risk is already creeping into banking policy
• Bitcoin Is Back Near Record Highs, and a Houston Pension Plan Dives In
• Cyberattacks spurring demand for cyber insurance: Moody's
• Metaverse and Blockchain will Have a Parallel Future
• Customer Is King - How FinTech Is Enhancing The Consumer Experience
• Beyond WhatsApp: Alternative Options for Secure Messenger Apps
• Could Bitcoin Actually Replace USD as The Prominent Global Currency?
• Applying The Power Of Deep Learning To Cybersecurity
• A new cryptocurrency called worldcoin wants to scan 1 billion people's iris by 2023 to speed up digital currency adoption
• SolarWinds threat actor targeted IT service providers in thousands of attacks, Microsoft says
• Are Crypto Assets a Financial Stability Risk?
• Five Common Mistakes When Addressing Data Security
• Women in Fintech - An Unusual Career Journey
• SEC Gets Path to Rein In Stablecoins as U.S. Weighs New Rules
• Artificial Intelligence: The Enemy and The Solution
• Crypto Crackdown Is 'Tip of the Iceberg' as CFTC Seeks More Powers
• Why The Metaverse will be Bigger than Facebook and Google Combined

From our Blog

• China Urges Evergrande Founder to Pay Debt With Personal Wealth
• Fintech is only 1% finished
• What China's Economic Slowdown Means for Global Investors
• WTO director-general says supply chain problems could last months
• Can We Ever Fly Without Polluting?
• What America's Supply-Chain Backlog Looks Like Up Close
• China’s Power Crisis Threatens to Delay Apple Gadgets, Other Goods
• Business: go woke or go broke?

China Urges Evergrande Founder to Pay Debt With Personal Wealth

Chinese authorities told Hui Ka Yan, the billionaire founder of China Evergrande Group, to use his personal wealth to alleviate the deepening debt crisis of the troubled real estate developer, according to people familiar with the matter. John Liu reports on "Bloomberg Daybreak: Asia."

 

Fintech is only 1% finished

Fintech is only 1% finished. But what do we mean by that? 

Simon Taylor, Head of Ventures at 11:FS takes us through the landscape of financial technology in this Lightboard edition of 11:FS Explores. When you take a look at the customer numbers that financial services brands are serving in any particular segment, it’s apparent that the majority of UK Fintech brands currently operate within areas that have high customer numbers, but low value-per-customer. 

For example, areas with high customer numbers such as retail are being served by market-leaders such as Monzo, Starling, and Revolut. Retail is one of the most over-served markets by digital banking providers at the moment - but considering 12 million UK customers have a digital bank and the majority aren’t moving their salary into it, there is still a lot of work to be done, and that shows it. But the biggest edge in recent times is the massive changes to the supplier landscape - from onboarding and KYC, to payments, to Banking as a Service. 

Prospective fintech companies now have the chance to assess the opportunity space for their proposition and to get a full view of the suppliers available to them. With such a robust supplier landscape emerging - it means that any company can be a fintech company. The market has blown wide open.

What China's Economic Slowdown Means for Global Investors

China recorded a steep economic slowdown in the third quarter as its pandemic bounceback fades—and now, Beijing is taking on longer-term issues including household debt and energy consumption. WSJ’s Anna Hirtenstein explains what investors are watching.